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Top Stories for the Week of December 26, 2007
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GE Charges Italian NPL Market Via $3.8B Buy
MILAN-Bringing needed liquidity, the US-based investor is targeting Europe for additional loan portfolio opportunities.

Waterfront Revival Phase II May be Worth $2.3B
YONKERS-City officials unveil a proposed master plan for the Alexander Street area of the waterfront that could generate $2.3 billion in mixed-use development.

SL Green, SITQ Complete $1.6B Acquisition
NEW YORK CITY-The acquisition of the $598 per sf adjacent properties closes after only a few short weeks since the agreement was first revealed.

Bank of America Plaza Changes Hands Again
LAS VEGAS-The Canada REIT that acquired the 17-story, 254,000-sf Downtown office building in 2005 sells to privately held Behringer Harvard.

Related Gets $1.4B Investment for Growth
NEW YORK CITY-Investment by Goldman Sachs, MSD Capital, Mubadala Development and Olayan Group will provide access to vast capital resources.

Paramount Closes on $1B-Plus Tower Sale
NEW YORK CITY-Paramount Group more than doubled 1177 Avenue of the Americas’ value in only five years of ownership and plans to reinvest profits.

White House Reviews TRIA Bill
WASHINGTON, DC-The final version that Congress finally pushed out the door earlier this week complies with many of Bush’s demands for the bill.

Trop May Sell ‘Within Weeks’
ATLANTIC CITY, NJ-Several suitors emerge for the property, which could carry a price tag as high as $1 billion.

Roseland Withdraws From Lighthouse Project
SLEEPY HOLLOW, NY-After nearly six years, the company withdraws from the proposed mixed-use redevelopment project at the former GM site here.

DC Finalizes $850M MXD Project
WASHINGTON, DC-With final terms settled, the Hines|Archstone-Smith team expects to break ground on the 10-acre site by January 2009.

ITT Corp. Signs 100,000-SF Lease
WHITE PLAINS-Concluding months of negotiations, ITT Corp. signs a 100,000-sf lease for its new headquarters at RPW Group’s 1133 Westchester Ave.

Planners OK 500,000-SF Shorenstein Tower
OAKLAND, CA-The city's planning commission approves plans for the 23-story 601 City Center office and retail project that Shorenstein is developing in a JV with MetLife.

Print Top Stories

Regional Coverage
Northeast     Print Full Region
Gov. Island Gets Open Space Makeover
Conectiv Energy Plans $470M Power Plant
REIT JV Closes on 30 Asset Acquisition
National Gateway Breaks Ground
C&W Gets Burnham for Widened CA Presence
Brandywine Closes $245M DRA Joint Venture
Gutierrez Pulls Westford Tech Park off Market
Victory Center Gets $196M for Development
Taconic JV Closes on 1M-SF-Plus Buy
Windsor Gardens Sells for $160M
SHG Plans $150M Mixed-Use Redevelopment
Unisys Relocates HQ to Two Liberty Place
Northwestern Buys Neponset Landing for $76M
Boston Properties Inks 80,000-SF Zink Lease
Southwest     Print Full Region
Mission Residential Wins 480-Unit Class B Chase
FelCor Brandishing New Resort Deeds for $225M
Austin Snags HelioVolt's Nod for $100M Plant
ZOM Starts $90M Project; Another Coming in '08
Younan Grabs 420,410-SF Greenspoint Portfolio
Mindlin Plans Makeover for 195,587-SF New Buy
BlackBerry Parent Sets Growth Plan In Motion
Ground Breaks on $65M Manufacturing Plant
$50M Green Resort Lands Roddick Tennis Facility
Zale|Corson Plans Luxury Rental on Infill Tract
Ashford, Hilton Rework Stakes in 11 Hotels
RIM Taps Las Colinas for US Headquarters
Midwest     Print Full Region
American Financial To Anchor New $300M Tower
New Redwood Capital Firm Has $300M Buy Goal
Liberty Buys 225 Acres for $150M Business Park
Medco To Build $140M Drug Distribution Center
TCB Completes First Building at $125M+ Park
Four-State Dakota Hotel Pack on the March
Foshay To Transform Into 32-Story W Hotel
Delta Dental Plans $85M HQ Campus Expansion
Golub, Intercontinental Buy Plaza for $85M
Macon, Jameson Building 70,000-SF Office Park
JLL Launches Podcasts to Offer Market Insight
West Coast     Print Full Region
CBRE Acquires Affiliate in Chile
Bristol Group Sells Office Tower for $184M
Ashforth, GE Take Pacwest Center for $161M
Multifamily Portfolio Sale Nets $75M
WCM Closes on $126M Centra Point Site
$105M Refi Scrubs Debt at Mission Bay II
AMB Property Signs DHL to 590,000 SF
Kearny Sales Top $60M at Former Nissan HQ
Wasatch Renovates 287 Units for $50M
McShane-MetLife JV Buys 85 Acres for $45M
Digital Realty Picks Up Two Properties in Europe
Southeast     Print Full Region
$312M Funds Work on Nation’s Newest Airport
Crown Realty Enters SE with $115M Portfolio
Concierge Pays $60M for Value-Add Play
Wells Acquires 118,082-SF Office Building
$35M Refi Buoys SunVest’s Condo Conversion Plans
Around The Globe     Print Full Region
Strategic Pays $53M for Resort Site
JV Unveils 140-Acre Panama Resort
Sino Express Secures 50 Acres for Resort
Departments
Executive Watch: Executive Watch
UpClose: Roy Lee of DTZ
ViewPoints: Real Estate Issues at Stake in Congressional End-Game
Commentary: NMHC's Doug Bibby


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